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. >> it's also the worst bill passed by the united states congress reauthorized 98-0. >> and steps with the liberty and-- >> susan rice was unanimously approved and that's okay. >> now who we didn't talk about was hillary clinton, the originally the sender of this. >> is she still in australia? >> i don't know where she is now, but anyway, she's going to testify in mid december, right before christmas. and hyperbole bob. >> and please. this is bob's opinion. when we come back. >> obviously. >> all of this infighting in the republican party a good thing or a bad thing? we'll discuss that ahead. ♪ come on, baby, let's go boot scootin' ♪ ♪ cadillac, blackjack, baby meet me out book, we're gonna boogie ♪ looking back, it's amazing how far i've come. shriners hospitals have everything to do with that. i was in an accident. i was burned. i lost my hands, my feet. i really thought my life was over. shriners did a lot more than just heal me. they helped me put my whole life back together. caitlin's life is one of nearly a million changed by donations from people like you. send your love
. >> it's also the worst bill passed by the united states congress reauthorized 98-0. >> and steps with the liberty and-- >> susan rice was unanimously approved and that's okay. >> now who we didn't talk about was hillary clinton, the originally the sender of this. >> is she still in australia? >> i don't know where she is now, but anyway, she's going to testify in mid december, right before christmas. and hyperbole bob. >> and please. this is bob's...
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. >> can'tou see bill clinton getting on the phone to barack obama and saying, you remember what i did back in 19 whenever. i made the republicans' response will be closing down the government. they never got over it. destroy them. lou: i think that actually i would not be surprised if bill clinton is not orchestrated the whole thing right now, if you will, behind the curtain. >> i would not be surprised if president obama was on the phone with a regular basis with former president clinton talking about what occurred in 95. they did force the government shut down and it was the end of republicans for a while. it was pretty extraordinary. >> barack obama campaigned on this issue. think he will dig his heels in, and he very successfully painted republans as obstructionists. that is at it will be blamed i agree with you. i think he will dig his heels in. not so sure that the republican leaders will dig their heels and on the taxhikes. i'm not sure where this will go. a see a potential for republicans giving, not barack obama. >> i would like to say that i see a potential for both mcconnel
. >> can'tou see bill clinton getting on the phone to barack obama and saying, you remember what i did back in 19 whenever. i made the republicans' response will be closing down the government. they never got over it. destroy them. lou: i think that actually i would not be surprised if bill clinton is not orchestrated the whole thing right now, if you will, behind the curtain. >> i would not be surprised if president obama was on the phone with a regular basis with former president...
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. >> in 1997 after bill clinton got re-elected but before lewinsky, the republicans tried to do the same thing on chinese fund-raising. remember that? they spent the better part of a year trying to turn this into a huge scandal. there's actually a little more to that one than there is to this. this is just exploiting a tragedy for political purposes. >> and here is the great irony. john mccain, who seems like he's the big whistle-blower, going after susan rice yesterday, compare what he said about susan rice yesterday with what he said about another foreign policy expert, in this case condoleezza rice, back in 2005. here is mccain on susan rice. take a listen. >> susan rice should have known better, and if she didn't know better she's not qualified. she should have known better. i will do everything in my power to block her from being the united states secretary of state. >> okay. mortal sin, deal breaker, end of her career because john mccain said she had gotten the wrong brief and delivered the wrong brief. however, mccain had a very different reaction back in 2005 when condoleezza ric
. >> in 1997 after bill clinton got re-elected but before lewinsky, the republicans tried to do the same thing on chinese fund-raising. remember that? they spent the better part of a year trying to turn this into a huge scandal. there's actually a little more to that one than there is to this. this is just exploiting a tragedy for political purposes. >> and here is the great irony. john mccain, who seems like he's the big whistle-blower, going after susan rice yesterday, compare...
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bill clinton. >> i did not have sexual relations with that woman. impeached after the lewinsky mess. . that's trouble for roughly 100% of reelected presidents since 1972. enough to give you second thoughts about that second term. so, is there anything the obama team can do to prevent this? now, as bill clinton might say -- >> it depends upon what the meaning of the word is. >> the fact is, if there is going to be a second term scandal, it's seeds were probably sewn in the first term. the watergate break in, nixon's first term -- >> if the obama team was going to mess up, history suggests they already did. maybe it's something that has made headlines already, but maybe not, the lewinsky scandal didn't surface in 1998, maybe the obama administration will make it's own history and avoid a second term scandal. if not, disney world will seem very appealing. >> in the president's news conference, he said he was well aware of the history of presidential overreach in second terms. you get the sense of anyone that much aware of presidential history knows tha
bill clinton. >> i did not have sexual relations with that woman. impeached after the lewinsky mess. . that's trouble for roughly 100% of reelected presidents since 1972. enough to give you second thoughts about that second term. so, is there anything the obama team can do to prevent this? now, as bill clinton might say -- >> it depends upon what the meaning of the word is. >> the fact is, if there is going to be a second term scandal, it's seeds were probably sewn in the...
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. >> reporter: in the 1990s, there was a presidential endorsement as president bill clinton included a twinkie in the millennium time capsule. in the youtube age, we have seen the twinkie put to the test, for shelf life, toughness and microwavability. >> that looks like a turd. >> reporter: but now the twinkie needs someone to come to its rescue or we'll have to say good-bye to the twinkie for good. >> oh, boy. >> so sad. i need a tissue. >> i know. i know. i know. so, alison, nice job on that, i like the look back and the music. walk us through what is happening. a lot of people are out of work, we're la meanting about the twinkie being gone, but lite a f people are losing jobs. >> they're losing their jobs. hostess, you go on the website, look, we're closing our doors. what they're doing, they're asking for access to $75 million to go toward winding down the biz and that includes money to pay its employees it needs to liquidate. it is going to be keeping its doors open and a few employees on long enough to get the last remaining product out the door to the stores and, you know, tho
. >> reporter: in the 1990s, there was a presidential endorsement as president bill clinton included a twinkie in the millennium time capsule. in the youtube age, we have seen the twinkie put to the test, for shelf life, toughness and microwavability. >> that looks like a turd. >> reporter: but now the twinkie needs someone to come to its rescue or we'll have to say good-bye to the twinkie for good. >> oh, boy. >> so sad. i need a tissue. >> i know. i know. i...
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>> just as with bill clinton, got us to raise taxes, i don't think the tax increases we did under clinton as i recall talking about $36, the notion there were people out there having marginal rates going up by 36,000 are going to say oh well, this is not worth it. i don't think the tax increases we voted under clinton caused the great economic boom but they did not correct it. and in favor of raising taxes, despite the fact he was raising taxes, the development is republican efforts to beat him over the head, it helped him some, but the fact that it was neutral and beyond that, what that stands for was relevant, mandate against severe cuts in domestic spending against severe cuts in medicare. the republicans on the one hand, a major argument about medicare, cut $700 billion you shouldn't have done that so there is a mandate for avoiding the kind of cuts to domestic programs that were important out of this election. mitt romney did as a favor of advocating for significantly increased military spending. first-time candidate for president said we don't need that. we are better off and that w
>> just as with bill clinton, got us to raise taxes, i don't think the tax increases we did under clinton as i recall talking about $36, the notion there were people out there having marginal rates going up by 36,000 are going to say oh well, this is not worth it. i don't think the tax increases we voted under clinton caused the great economic boom but they did not correct it. and in favor of raising taxes, despite the fact he was raising taxes, the development is republican efforts to...
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meantime, former chief of staff for bill clinton bowles on closing bell yesterday talking about the long-term consequences of the fiscal cliff. >> if we do get our house in order, the future of america is bright and can compete with the best and brightest wherever they are. if we don't, we're on our way to becoming a second-rate power. >> joined by illinois congressman peter ross couple. he sits on the ways and means committee and joins us with john harwood and myself at the white house. congressman, good morning. >> hey, good morning, great to be with you. >> we already have the president wishing the speaker a happy birthday. i guess baby steps. right? how do you think the tone is shaping up today? >> i think the tone is good. look. president obama won on tuesday last. the speaker of the house congratulated him and lid out a pathway for the president to lead the nation on how to avoid the fiscal cliff and transform us in to the world class status we want to stay and maintain. so far i think the language is good. there's opportunities i think to find common ground. there's no voices on the re
meantime, former chief of staff for bill clinton bowles on closing bell yesterday talking about the long-term consequences of the fiscal cliff. >> if we do get our house in order, the future of america is bright and can compete with the best and brightest wherever they are. if we don't, we're on our way to becoming a second-rate power. >> joined by illinois congressman peter ross couple. he sits on the ways and means committee and joins us with john harwood and myself at the white...
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president, i knew bill clinton. [laughter] our ideas work, their ideas don't. the last four years our economy has grown 1.5% a year. that is less than half the historical average. for 70 years, we have averaged 3.3% growth a year. now, this president is fond of saying he inherited the worst economy in the history of the universe. [laughter] >> and everything by the way, is george w bush's fault. he doesn't have much historical memory when he makes that argument. any of all remember 1978, 1979, double-digit unemployment, 22% interest rates, gas lines, stagflation. in 1980, a very, very different president got elected. ronald reagan like barack obama inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. instead of jacking up taxes, he slashed taxes. instead of exploding spending and the debt, he restrained the growth of spending and instead of unleashing the hounds of regulators, by the way, when i think of regulators, i can't help thinking of mr. burns saying "release the hounds!" [laughter] >> instead of releasing
president, i knew bill clinton. [laughter] our ideas work, their ideas don't. the last four years our economy has grown 1.5% a year. that is less than half the historical average. for 70 years, we have averaged 3.3% growth a year. now, this president is fond of saying he inherited the worst economy in the history of the universe. [laughter] >> and everything by the way, is george w bush's fault. he doesn't have much historical memory when he makes that argument. any of all remember 1978,...
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president has called for and will not be affected and what way to address problems quickly is for that bill to pass through the house. >> the qwest tsin is a few list into what president clinton said overt secretary rate to said that the same version of for the long term sustainability we have to fix the deficit. clinton said that this get the deal to make it ironclad but delay its one-year or two. right now we a continuation of simulation. but do you agree with the conversation to have a grand bargain in to defect right away? o.r. do you agree so as some people. >> my job is economic policy adviser. as an economist, the right strategy is to get our hasselhoff's and order. and to show that we can do those commitments will require additional revenue along with cuts. we want to help in the short term. the president proposed tax cut is to help in the short run. good group with the lowest marginal propensity consumed and the cbo released report which concluded extending the middle-class tax cut would create one point* 6 billion jobs compared to allowing them to expire. that mrs. the fact if you
president has called for and will not be affected and what way to address problems quickly is for that bill to pass through the house. >> the qwest tsin is a few list into what president clinton said overt secretary rate to said that the same version of for the long term sustainability we have to fix the deficit. clinton said that this get the deal to make it ironclad but delay its one-year or two. right now we a continuation of simulation. but do you agree with the conversation to have a...